Asia

7 Japanese supplier execs indicted in price-fixing scheme

4:09 pm U.S. ET | Sept. 18, 2014
A federal grand jury in Detroit has indicted seven executives from Japanese auto suppliers Mitsubishi Electric and Hitachi Automotive Systems for their alleged roles in a conspiracy to fix auto parts prices, the Justice Department said today....
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Hyundai Motor's record $10 billion bid for trophy property alarms investors

11:33 am U.S. ET | Sept. 18, 2014
Hyundai Motor Group will pay a record $10 billion for the site of its new headquarters in Seoul's high-end Gangnam district, out-bidding Samsung Electronics and sparking investor concerns that it is wasting cash on a trophy property....
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Bentley adds models in Korea on rising ultraluxury demand

Sept. 18, 2014 12:25 CET
Bentley is adding new models in South Korea as the brand sees increased competition for ultraluxury cars in the market. The automaker says its dealership in Seoul has seen a 133 percent jump in deliveries so far this year....
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Mahindra said to be in talks to buy PSA's scooter unit

Sept. 16, 2014 16:32 CET
Indian SUV and tractor maker Mahindra & Mahindra is said to be in advanced talks to buy PSA/Peugeot-Citroen's scooter unit, after PSA CEO Carlos Tavares said the group was looking to offload the business....
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Penske expands engines, power business in Australia, Pacific

3:46 pm U.S. ET | Sept. 16, 2014
Penske Automotive Group today said it is buying a company that distributes diesel and gasoline engines and power systems in Australia, New Zealand and the Pacific markets....
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Hyundai plans to build 2 more factories in China, not 1, reports say

7:17 am U.S. ET | Sept. 16, 2014
Hyundai Motor Co. plans to build two factories in China instead of one, two people familiar with the matter told Reuters today....
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VW boosts German brands' market share in China

Sept. 16, 2014 10:32 CET
VW Group's lead in China's compact sedan market this year has helped boost German automakers' share of the overall car market to 24 percent in July from 21 percent at the end of 2013....
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Tesla shares tumble as bullish analyst raises cautions about growth

5:04 pm U.S. ET | Sept. 15, 2014
One of Tesla's strongest supporters on Wall Street issued a cautious report on the maker of luxury electric cars today, sending its shares skidding 9 percent on Monday. Tesla stock rebounded slightly on Tuesday, rising 2.7 percent....
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U.S. Treasury chief warns China on antitrust probes of foreign companies

2:32 pm U.S. ET | Sept. 15, 2014
Treasury Secretary Jack Lew warned the Chinese government that a recent spate of antitrust investigations against foreign automakers and other companies could have serious implications for U.S.-China relations....
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Renault plans to build electric Fluence for Chinese brand

Sept. 15, 2014 14:55 CET
Renault plans to build its Fluence electric sedan in China for an unspecified local brand, CEO Carlos Ghosn said....
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Nissan transforms Japanese plant

12:01 am U.S. ET | Sept. 15, 2014
With a stern foreman clocking their efforts on his stopwatch, the Chinese apprentices snap together their first Nissan vehicle, brick by brightly colored plastic brick....
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Japan exports fall despite favorable yen

12:01 am U.S. ET | Sept. 15, 2014
Japan's auto exports finally may be decoupling from the yen after decades of yo-yoing up and down with exchange rates....
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YANG JIAN

How one pol championed China EV sales

12:01 am U.S. ET | Sept. 15, 2014
Until recently, China's electric vehicle industry was nothing more than a hobby. This year, the industry shook off its torpor, producing 25,946 EVs and plug-in hybrids in eight months....
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VW-SAIC joint venture names industry veteran as president

Sept. 12, 2014 16:30 CET
Shanghai Volkswagen Automotive, a joint venture between VW and SAIC Motor, hired veteran executive Chen Zhangxian as its new president. Shanghai VW operates five plants in China and sold 1.1 million VW and Skoda vehicles in the first eight months....
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European chamber urges China to ease aftermarket rules

Sept. 12, 2014 14:03 CET
The European Union Chamber of Commerce in China has urged the nation's government to allow more competition for vehicle aftermarket service as it says current regulations are the "key driver" of the monopoly situation that has led to state probes within the auto industry....
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JLR will build Range Rover Evoque in China

Sept. 12, 2014 10:28 CET
Jaguar Land Rover says the Range Rover Evoque will be the first model built at the company's new China factory. The automaker also said that it may add production of its new Land Rover Discovery Sport at a later date....
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VW, Chrysler fined $46 million by China regulator for price monopoly

Sept. 11, 2014 11:10 CET
VW Group and Chrysler were fined a combined $46 million by China's anti-monopoly regulator in the first-ever punishment of foreign carmakers for price fixing. The penalty raised the possibility of similar fines for Mercedes and Jaguar Land Rover....
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THE GM RECALL

GM has substantially completed vehicle recalls, Barra says

9:06 am U.S. ET | Sept. 11, 2014
General Motors has “substantially completed” its vehicle recalls, CEO Mary Barra said. “We're working hard to make sure that as new vehicles come out, they achieve even higher levels” of quality and safety, Barra told reporters in New Delhi today. “We're very focused to being industry leaders.”...
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Athletic Mazda2 debuts as test on many levels

9:00 pm U.S. ET | Sept. 10, 2014
Mazda unveiled a more athletic fourth-generation Mazda2 hatchback late Wednesday, deploying its latest Skyactiv drivetrain and chassis technologies into the subcompact segment. The upgrade is sorely needed to keep the pint-sized car relevant in an increasingly competitive field against such upstarts as the hot-selling Chevrolet Sonic and Ford Fiesta....
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GreenTech electric vehicle venture anticipates U.S. production in 4th quarter

5:20 pm U.S. ET | Sept. 9, 2014
A Chinese-affiliated electric vehicle venture that has generated more curiosity than cars during the past five years anticipates launching U.S. production by the end of this year....
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Mahindra in alliance talks with PSA, Saab maker, report says

Sept. 8, 2014 10:52 CET
Indian automaker Mahindra & Mahindra is exploring alliance opportunities with PSA/Peugeot-Citroen and the maker of Saab cars, NEVS, according to a newspaper report....
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U.S. businesses in China feel targeted

12:01 am U.S. ET | Sept. 8, 2014
China is targeting foreign companies, including automakers and suppliers, with opaque laws and rules, said a group representing U.S. businesses here, Bloomberg reported....
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EDITORIAL

Cancel Chinese invasion; cue the Volvo sedan

12:01 am U.S. ET | Sept. 8, 2014
Next year, the Volvo S60L long-wheelbase sedan will become the first mainstream vehicle built in China to be sold in the U.S. That's hardly the wave of inexpensive vehicles from China's domestic automakers that many feared just a half decade ago....
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Mazda splurges on MX-5 Miata debut and celebration

7:47 am U.S. ET | Sept. 6, 2014
Mazda is a tiny carmaker on a shoestring budget. So nothing attests more to the import of the MX-5 Miata's debut than the company's big splurge on a laser-lit, smoke-machined three-continent, simultaneously live-streamed global reveal....
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Ford recalls 191,770 Focus sedans in China to repair fuel leak

7:34 am U.S. ET | Sept. 5, 2014
Ford issued its largest recall in China in four years after the nation's quality regulator found a fuel leak risk in the Focus sedan....
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Defying Dad, by building on his legacy

At Courtesy Auto Group in Illinois, Ray and Rik Fregia are seeing sales boom after million-dollar overhauls at their three stores. Mon., September 15
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